City Office REIT (NYSE: CIO) hiked its quarterly dividend by 33.3% to $0.20 per share of common shares for the fourth quarter of 2021. Located in the Southern and Western United States, CIO is an internally-managed Real Estate Investment Trust (REIT) with a focus on acquisition, ownership, and operations of high-quality office properties. Following the announcement, shares of the company gained 3.3% to close at $18.40 on December 17. The dividend is payable on January 25, 2022, to shareholders on record as of January 11, 2022. Furthermore, the Board has also authorized a quarterly dividend of $0.4140625 per share of the company's 6.625% Series A Redeemable Preferred Stock.
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City Office REIT (NYSE:CIO)
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